by Graham Palmer | May 7, 2018 | Energy, energy security, Oil, oil security
Australia’s strategic oil reserve [UPDATE 7 May 2018. I originally posted this in July 2017, but since the Australian Federal Government announced a review, I thought I would repost this.] With the current political debates in Australia around energy and climate...
by Graham Palmer | Jun 30, 2017 | Oil
A model for exploring oil boom & bust cycles Economics 101 starts with a stylised depiction of a supply and demand curve. The price is determined by the intersection of the curves. This implies that there is no such thing as an ‘oil supply gap’ since a shift of...
by Graham Palmer | Jun 5, 2017 | Oil
Australia’s strategic oil reserve With the current political debates in Australia around energy and climate policy, it’s easy to neglect the sleeper of Australia’s energy policy – the lack of an oil strategic reserve. The IEA was established in November...
by Graham Palmer | Dec 29, 2016 | Oil
The oil-gold nexus Crude oil has a unique status in global energy markets and underpins global economic activity. Since the 1970s, it has taken on a role as a quasi-monetary commodity. By the end of World War II, the US held around 70 percent of global gold reserves....
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